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The cash flows associated with a project are as follows: Year 0 outflow 120,000 1...

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Accounting

The cash flows associated with a project are as follows: Year 0 outflow 120,000 1 inflow 40,000 2 inflow 50,000 3 inflow 60,000 residual value at the end of the three years is expected to be 20,000. What is the expected payback period for this project?

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